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Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

 
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Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

Information is here on what you can claim.  Be aware that you cannot claim CCA on a lease vehicle.  Also, since CRA is quite rabid about employment expense, make sure you have a log to prove your mileage and expenses are business related.  If the vehicle is for personal use as well, you need a way to calculate the percentage of business and personal.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/229/slry/mtrvhcl-eng.h...


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6 Replies
Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

Information is here on what you can claim.  Be aware that you cannot claim CCA on a lease vehicle.  Also, since CRA is quite rabid about employment expense, make sure you have a log to prove your mileage and expenses are business related.  If the vehicle is for personal use as well, you need a way to calculate the percentage of business and personal.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/229/slry/mtrvhcl-eng.h...


View solution in original post

Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

Thank you very much! I have mileage log. Is it ok to include the receipts for insurance and fuel and then show the amount that they reimbursed. Maybe the difference is what I get back?
Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

Exactly. Best to do a spreadsheet, like Excel, to total it all up, and then keep it with your recipts and log in case they ask for the support.
Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

Exactly. Best to tally everything up on a spreadsheet like Excel, and then keep it with the receipts and the log in case CRA asks to see it.
Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

ok thanks Dephision, good to know about the lease and CCA, geeze. not fair but ok...so yes I took the amount that was on the t2200 total was say 10k I forget, total car expenses and then I took the receipts and put them in and the difference was minor but allowable I guess.
Level 1

Can I claim insur, fuel, cca, lease paymt's/t2200 -fixed amt rec'd and per k rec'd and amt included in t4 so i'm being taxed right? Can I claim more?

Money is money!